Heartland Financial USA (NASDAQ:HTLF) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Heartland Financial USA (NASDAQ:HTLF) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Heartland Financial USA Stock Performance

NASDAQ:HTLF opened at $64.67 on Tuesday. Heartland Financial USA has a 1 year low of $32.03 and a 1 year high of $70.27. The firm’s fifty day simple moving average is $64.24 and its 200 day simple moving average is $60.19. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.77 billion, a PE ratio of 36.13 and a beta of 0.98.

Insider Buying and Selling at Heartland Financial USA

In other Heartland Financial USA news, Director Jennifer K. Hopkins sold 5,811 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $67.56, for a total value of $392,591.16. Following the completion of the sale, the director now directly owns 6,963 shares of the company’s stock, valued at $470,420.28. This represents a 45.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark A. Frank sold 432 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $67.24, for a total transaction of $29,047.68. Following the transaction, the executive vice president now directly owns 1,060 shares of the company’s stock, valued at $71,274.40. The trade was a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Heartland Financial USA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Investment Consultants LLC lifted its holdings in shares of Heartland Financial USA by 2.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 8,702 shares of the bank’s stock worth $533,000 after acquiring an additional 170 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Heartland Financial USA by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,978 shares of the bank’s stock valued at $1,756,000 after purchasing an additional 245 shares during the last quarter. Steele Capital Management Inc. lifted its holdings in Heartland Financial USA by 2.4% during the 4th quarter. Steele Capital Management Inc. now owns 10,496 shares of the bank’s stock valued at $643,000 after purchasing an additional 250 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in Heartland Financial USA by 0.7% during the 4th quarter. Wolverine Asset Management LLC now owns 41,342 shares of the bank’s stock valued at $2,534,000 after purchasing an additional 300 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Heartland Financial USA by 4.6% during the 4th quarter. Handelsbanken Fonder AB now owns 6,837 shares of the bank’s stock valued at $419,000 after purchasing an additional 300 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. The company accepts various deposit products, including checking, demand deposit accounts, NOW accounts, savings, money market, and individual retirement; certificates of deposit; and other time deposits.